...   
      
    TR> I'm beginning to think the people all over the country   
    TR> don't really understand the sort of trouble our nation is   
    TR> in right now. Nor do they realize that this president and   
    TR> his cadre of leftist idiots are destroying us day by day.   
      
    Austerity is killing countries in Europe bit by bit, and your   
    side wants to put it in here.   
      
   EC>>(How did that happen?÷ Krugman asks. One answer is supplied by University   
   EC>>of Chicago economist Casey Mulligan · one of the top labor market   
   EC>>economists in the country and a regular contributor to The New York Times   
   EC>>economics blog.   
      
    TR> Krugman was out there the other day saying that the GOP   
    TR> don't really understand Obamacare.   
      
    On that Krugman is wrong. They know it damn well, it was their   
    plan. They are afraid it will work, then they will have that   
    much more egg on their faces.   
      
    William Kristol once objected to extending the CHIP program,   
    because, when it *DOES* work it will lead to further programs.   
      
    IOW, programs that work, and save lives, and provide treatment   
    for children, are considered by the right wing to be bad.   
      
    TR> At some point, either yesterday or this morning, Henry   
    TR> Waxman (who's from California) was asked by a reporter if   
    TR> he'd read the 10,000-plus pages of the new so-called   
    TR> affordable care act. Waxman's answer was in the form of a   
      
    The first time I looked it was less than 1000 pages.   
    I just downloaded copies from three different sources. With   
    smaller text two had 906 pages. One with larger text had 1990. I   
    could read any of them. It's all how you lay it out.   
      
    ...   
      
    TR> This country is on the road to financial ruin and the   
    TR> democrats are driving us there at full speed. Something   
    TR> tells me Obamacare is going to be a real eye- opener very   
    TR> soon, and people are going to be screaming for its repeal.   
      
    ...   
      
    **************************************************************************   
      
    According to the Federal Budget History files, 2013: At the end   
    of WW2 the debt load was almost 122% of GDP. It went down under   
    every president, war and peace, recession or prosperity, liberal   
    or conservative, republican or democrat, until Reagan. When   
    Reagan took office it was around 33%.   
      
    Under Reagan it started back up, under Clinton it started back   
    down again. Under Bush II it went back into climb mode.   
      
    In 1981, 32.6%, in 1989, 53.1%, in 1993, 66.2%, in 2001 57.4%,   
    in 2009 85.2%.   
      
    So, Obama was handed an economy that was at risk of another   
    depression, and a debt load that is headed for crushing.   
      
    If the country went into depression the GDP could drop as much   
    as 50%. The debt would not drop, so the debt load would become   
    horrendous. 90% jumps to 180%. Higher than this country has ever   
    seen. If the GDP dropped 25% that still pushes up the debt load   
    to around 130%. That is a crushing debt. And that is why we   
    might well not be able to get out of another depression.   
      
    When Obama took office he was facing a national debt of about   
    $12 trill. That debt had built up in the 232 years before his   
    inauguration. Yet almost 80% of that debt had built up under 3   
    presidents, Reagan, Bush I and Bush II.   
      
    Of the 10% built up under Clinton almost all of it was in his   
    first term, when he was fighting to bring the Reagan/Bush   
    debacle under control. In his second term he gave this country   
    the first balanced budget it had seen in 29 years, and the   
    second longest string of balanced budgets of the 20th century.   
    At which time it appeared he stopped the growth of the debt.   
    However, the republicans had other plans.   
    (Note:The longest string was the 1920s)   
      
    All other presidents combined produced about 10% of the total   
    debt.   
      
    80% of the national debt Obama inherited produced under the last   
    three republican presidents. And 100% of the growth in the post   
    WWII debt load.   
      
    **************************************************************************   
      
   BOB KLAHN bob.klahn@sev.org   http://home.toltbbs.com/bobklahn   
      
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